KlickEx
means Opportunity
Payment Landscape:
The Pacific (before we started):
 80% of the populations were unbanked
 40% of GDP was remittance based
 20% charges on remittances was common.
Yet no low cost/immediate payment domestic banking
infrastructure.
So we set out to bridge the gap.
If ever there was a market for a real time, cross border, low cost, and
widely available payments system: Here it was!
What is KlickEx?
 Built by the Pacific, for the Pacific. By Farmers.
 A system to radically reduce costs of moving funds
across the Pacific.
 Deployed amongst Banks first – then to users.
 Now one of the largest MTOs in the Pacific, and
constantly the lowest cost.
 Extremely high uptake, has resulted in several new services
specifically for the RSE market place…
Impact on RSE
 Moving money across borders has never been lower cost or
higher speed for employees, even in a formal financial service.
 It has also never been easier for Employers.
 At KlickEx, Technology means the costs keep decreasing.
 Good Training, Financial Education, Exciting Partnerships.
 Reduction of Risks, Enhancement of Market-Fit, overcoming
market challenges (and reversing upward price pressures).
Technology Service Recognition
Top Global
Innovator Award
SWIFT/ 2013
1,200
transactions
per minute
40%+
RSE
User Uptake
8
Savings Goal:
281%
$1m/Month in Fees
YoY Growth
Currencies
UN and SWIFT
Funded.
9
Countries
Pacific Volume Target:
$200m per year
Best Community
Banking Initiative
2013
Financial World
Innovation Awards
Best Payments
Initiative 2013
Financial World
Innovation Awards
Systems for RSE Employers
 Kiwi banks have had low cost electronic payment systems for decades.
- Now the Pacific has one too:
 Employer to Home Country “in Cash”: $3.00 cross border fees;
- Maximum employee Simplicity, via a Digicel Mobile Wallet/agent.
 Employer to Employee NZD Account: No fee - $3.00 cash out fee later.
- Employee can manage their FX rate (and they do!), and save more!
 Extremely streamlined Regulatory processes. So simple.
 Largest number of physical cash-out agents across all our receive markets
(260 locations)
 Enhanced Employee and Employer Agri-businss services (coming very soon).
A platform for the Pacific
Live: GBP
Available:
EUR/Others, by Arrangement
US By Arrangement
Caribbean:
Upon Request
Entities established
In Asia, Africa
Live in the Pacific:
Fiji, Samoa, Tonga
Awaiting Digicel:
Vanuatu, PNG
USD/Pacific
In testing
37 African Central Banks
Interested in an “African Solution”.
Australia - Live
New Zealand - Live
Costs are falling:
Tonga, Samoa, Fiji . . .
REMITTANCE PRICES WORLDWIDE
MAKING MARKETS MORE TRANSPARENT
Sending money from NEW ZEALAND to TONGA
Data collected on: Feb 18, 2015
260.00 NZD
Firm
Product
Exchange
Rate Margin
(%)
Fee
Tot al Cost
Percent (%)
Total Cost
(NZD)
Transfer
Speed
Net work
Coverage
KlickEx
0.00
0.68
0.68
REMITTANCE
PRICES WORLDWIDE
1.77
KlickEx
0.00
1.68
1.68
MAKING MARKETS MORE TRANSPARENT
4.37
KlickEx
0.00
3.28
3.28
Sending
money from AUSTRALIA to SAMOA
8.53
Mateaki Money
Transfer
0.00
4.23
4.23
Data collected on: Feb 18, 2015
11.00
KlickEx Pacific
3.00
3.95
5.10
200.00 AUD
13.26
Firm
Product
Exchange
Rate Margin
(%)
Fee
Total Cost
Percent (%)
Total Cost
(AUD)
Fetuu-To-Financial
Services
7.00
3.59
6.28
16.33
KlickEx
0.00
1.20
1.20
2.40
IMEX Money
Transfer
8.00
4.23
7.31
19.01
KlickEx
0.00
2.20
2.20
4.40
Westpac Express
Visa Prepaid Card
1.00
9.69
10.08
26.21
KlickEx
Pacific
3.00
2.11
3.61
7.22
Xpress Money
10.00
6.64
10.49
27.27
KlickEx
0.00
3.82
3.82
7.64
Melie Mei Langi
Money Transfer
10.00
7.47
11.31
29.41
Xpress
Money
11.50
2.39
8.14
16.28
MoneyGram
10.00
7.99
11.84
10.37
4.31
9.50
19.00
Western Union
14.00
8.40
13.78
Westpac
20.00
8.79
16.48
12.00
3.80
9.80
19.60
Kiwibank
20.00
9.07
16.77
30.78
ANZ Pacific
Money
35.83
Transfer
Card (BPAY)
42.85
Pacific Way
Money
43.60
Transfer
Bank of New
Zealand
25.00
7.57
17.18
MoneyGram
44.67
15.00
2.78
10.28
20.56
Kiwibank
25.00
9.07
18.69
IMEX Money
48.59
Transfer
12.00
4.31
10.31
20.62
Transfer
Speed
Network
Coverage
Compare… Vanuatu
(we’re not there yet!)
The highest cost corridor in the world
Vanuatu – 20.6% average!
Send Money Pacific/
World Bank
Data: Q2/2015
Bank
MTO
MTO
Bank
Bank
MTO
Bank
Bank
MTO
Bank
A win-win Analogy:
 RSE employers employ RSE workers….
 Doing this, benefits employers, but also has huge benefits
beyond the place of work for employees….
 KlickEx is the same:
 Taking out the Cost of FX has huge benefits to economies.
But More…
Enhanced compliance, lower costs, better home healthcare –
better ongoing health once workers arrive, more trading
opportunities at home…
Full Compliance & Tracking
Next Steps for More Technology?
 KlickEx removes FX fees and Risks from Money Transfers
New Products coming to Market this year:
 Assisting Employer Engagement, Control, Visibility; MTOs.
 360 Degree KYC – Know Your Customer/Know Your Employee.
 Highly enhanced Employee Due Diligence and Risk Management.
 Expands beyond the financial sector.
 Support Services – Enhanced Communications, Integration
with home Markets – Education, training, and wellness.
All beginning with Remittances
Employers, we all thank you!
Robert.Bell@KlickEx.org
New Zealand